Dana, thanks again for the reply. Ok, I think I may have worded things a little incorrectly and just want to make sure I've explained everything and I'm going to do this correctly and you fully understand the situation. The $75 contribution in January 2024 to my Fidelity IRA wasn't the excess contribution that was withdrawn. Edward Jones withdrew $75 from my Roth IRA because I had contributed $8,000 to the Edward Jones Roth IRA in 2024 in addition to the $75 contribution to the Fidelity IRA in 2024 so that put me over the $8,000 limit. So they took the $75 out of the Roth IRA plus the $4.45 earnings and moved it to our Mutual Fund account. On March 4 of 2024 the Fidelity IRA was transferred over to Edward Jones, which had an attributable gain of $1.31 on the $75 contribution before the account was transferred to Edward Jones.
So in a nutshell, I had a $75 excess contribution in 2024 to my Edward Jones Roth IRA which had earnings of $4.45. I also had earnings of $1.31 from my Traditional IRA $75 contribution with Fidelity. I will want to report everything now rather than do an amendment next year. So do the steps you provided in the first reply still apply to what I've just tried to clarify? With your latest reply you say to "request the withdrawal of the excess $75 contribution plus the $1.31 plus the gain while it was with Edward Jones. Edward Jones will issue the 2025 Form 1099-R in 2026 to show the whole distribution in box 1 and the total earnings in box 2a." I'm taking that to mean when I enter the information into the 1099-R, in Box 1 I will enter $75 plus the $4.45 (from the Edward Jones excess removal) plus the $1.31(From the Fidelity gain) for a total of $80.76 and then in Box 2 I just enter the earnings which is $4.45 + $1.31=$5.76? Is that correct?
Again, I thank you so much for your help and understanding with all of this. Certainly more complicated for me than I would have liked. If not for the $75 extra contribution which should have been caught before it happened, our tax filing would have been long done by now!
